(Dico Reyers) wrote in message m...
Hi,

I have a 1967 m20e super 21. It has little for instrumentation and
the radio stack is pretty weak. It certainly isn't near IFR. The
interior is original and the paint is 5/10. It'll cruise at 130kts
2200 rpm and 23"

I'm looking for opinions on whether to upgrade and have a sharp, but
old plane... or should I just wait a couple more years and purchase a
newer plane that would meet my requirement and would potentially be
faster?

I'm just wondering about the resale. If I had an old house and built
a swimming pool outside for 20,000$... if I went to sell the whole
place I'd never get that money back out of the pool. Is it the same
with airplanes?

Any advice would be appreciated.

Thanks,

-Dico


I elected to upgrade my 69 Arrow with Garmin 430, Stec autopilot, and
Stormscope. I love the airplane to begin with, I know what I have,
and if I fly it for 5 years I figure I get my money's work even with
50% return. Used airplanes often contain nasty surprises. I did it a
year at a time, during annual, midwinter when midwest flying weather
is grim anyway. The gradual approach also lets you learn as you go
and enjoy one new piece of equipment each year.

I believe you get better return on engine and cosmetics as long as you
don't go overboard.